Within the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to purchase a house over the following 12 months. The report signifies the percentage of all buyers that will likely be first-time buyers looking to buy a home grew from 58% in Q4 2018 to 63% in Q4 2019.
The outcomes revealed,
“Millennials are the most certainly era to be making plans to purchase a house inside a yr (19%), adopted by Gen Z (13%) and Gen X (12%)…Prospective patrons in the youngest two generations are primarily first-time buyers: 88% of Gen Z consumers and 78% of Millennial patrons are reaching out to homeownership for the primary time in their lives.”
With a excessive demand from first-time homebuyers and a shortage of inventory within the current Clark County market, selling your existing house this yr could be your best transfer. Why? Because when Clark County homebuyers begin their search, they’re not all on the lookout for new construction|developments|buildings}. Many are eager to find somewhat charm and character in a spot to name residence – probably yours.
In fact, according to the identical examine, there’s a vital demand for current Clark County properties:
“When it comes to the kind of house these potential residence buyers are fascinated about, 40% are looking to purchase an existing house and 19% a newly-built home. The remaining 41% would purchase both a brand new or existing home.”
With showing activity up among Clark County buyers and extra new developments coming to the Clark County market, as a homeowner, you’ve gotten the chance to sell your present house now and transfer up into a brand new one, or downsize into a home that higher suits your current and ever-changing wants.
Bottom Line
Not all Clark County buyers are in search of a newly built house. When you’re ready to make the most of low mortgage rates and a high demand in your present dwelling, let’s get together to determine how we will market the charming details of your current home to potential Clark County buyers.